Shri Raghavendra S. Bhat, MD & CEO, of Karnataka Bank, said, “This partnership aligns with our vision of becoming the ‘Digital Bank of the Future.' Pine Labs offers user-friendly and reliable PoS solutions that play a vital role in today’s digital payment ecosystem. This collaboration will enable our retail and MSME customers to seamlessly access advanced PoS terminals, thereby promoting digital adoption and driving mutual growth.”

Raja BS, chief operating officer of the bank, said, “Karnataka Bank always works to meet the needs of its customers. With this new tie-up, the bank will be able to offer next-generation digital payment solutions. “We encourage our customers to take advantage of this service, which will now be available at all our branches across the country.'

Karnataka Bank provides a wide range of banking and financial services, including retail and corporate banking and para-banking activities, as well as treasury and foreign exchange operations. The bank reported a 2.5% increase in standalone net profit to Rs 290.79 crore on a 0.51% decline in total income to Rs 2,522.35 crore in Q3 FY26 compared with Q3 FY25.

The scrip rose 0.68% to currently trade at Rs 251.65 on the BSE.